lao01
Read More

Agriculture, tourism key to Laos’ prosperity: ADB

Raising competitiveness and strengthening the links between agriculture and tourism will contribute to post-Covid 19 recovery and inclusive growth in Laos, according to a report by the Asian Development Bank (ADB) unveiled on Friday.  The report, “Developing Agriculture and Tourism for Inclusive Growth in Laos”, examines how higher agricultural productivity and new markets for tourism […]

Read More
Facebook link thumbnail image template
Read More

Singapore to Trial Import of Electricity from Laos

Singapore is to trial the import of electricity from Laos via Thailand and Malaysia following an agreement between Keppel Electric and Electricite du Laos (EDL). The agreement between the two companies is part of the Laos-Thailand-Malaysia-Singapore Power Integration Project (LMTS-PIP) that will see the four governments studying the feasibility of cross-border power trade, Straits Times reports. […]

Read More
exchange-booth1-1-1024x535
Read More

Laos: Currency Exchange Businesses to Become Commercial Bank Representatives

Authorities in Laos have ordered currency exchange businesses to transition into representatives of commercial banks across the country. According to a notice issued by the Bank of Laos (BOL), all authorized currency exchange businesses operating across the country are to work with authorities to become commercial bank representatives. The government aims to improve the efficiency of foreign […]

Read More
Facebook link thumbnail image template
Read More

Laos Sees Trade Deficit of USD 24 million in August

Laos recorded a trade deficit of USD 24 million in August, according to information from the Lao Trade Portal. LTP reports that exports from Laos in August totaled USD 428 million, while imports totaled USD 452 million, making it the lowest trade deficit this year. Major exports included copper ore, bananas, gold bars, cassava, clothing, coffee, […]

Read More
Facebook link thumbnail image template
Read More

Laos Authorizes Cryptocurrency Trial Program

The government of Laos has authorized six companies to trade and mine cryptocurrencies while relevant ministries are to draft regulations governing their use. According to a notice issued by the Prime Minister’s Office, six companies have been authorized to trial mining and trading cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. The companies that have been given the […]

Read More